New Dawn for Nuclear Power

Coming climate change legislation and new technology are leading to a resurgence of nuclear power in America.

A years-long wait for a ramping up of nuclear power is about to end. Four new plants, adjacent to existing nuclear facilities in Georgia, Maryland, South Carolina and Texas, will begin cranking out electricity by 2016 or so. Uncle Sam is providing the facilities with $18.5 billion in low-interest loans set aside by the 2005 energy law.

The four new plants should add around 5,000 megawatts of nuclear-made power to today’s 100,000 MW, though that’s not enough to appreciably boost the industry’s 19.6% share of all electricity production from 104 existing nuclear generators. Later -- by 2030 or so -- as another 25 or so smaller nuclear plants are brought on stream, nuclear power’s share of the overall U.S. electricity market will grow to nearly 30%.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Associate Editor, The Kiplinger Letter